California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 1 - Production of Insurance
Article 7 - Production Agency Records
Section 2190.5 - Bank Records
Universal Citation: 10 CA Code of Regs 2190.5
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) The following bank records shall be maintained at all times:
(1) Periodic statements of account supplied by the
bank for all accounts or depositories into which premiums are deposited or
maintained in accord with 1733 of the Insurance Code, including but not limited to
trustee accounts maintained pursuant to Section
1734 of the
Insurance Code.
(2) Records of all
deposits made into such accounts or depositories into which premiums are deposited
or maintained in accord with Section
1733 of the
Insurance Code, including but not limited to trustee accounts maintained pursuant to
Section
1734 of the
Insurance Code.
(3) Cancelled checks
drawn on, or records of withdrawal of funds from, such accounts or depositories into
which premiums are deposited or maintained in accord with Section
1733 of the
Insurance Code, including but not limited to trustee accounts maintained pursuant to
Section
1734 of the
Insurance Code.
(b) Nothing in this section is intended to abrogate the provisions of Insurance Code Section 1734 and 1734.5.
1. Renumbering
from Section 2190.4 filed 6-27-78; designated
effective 9-1-78 (Register 78, No. 26).
2. Amendment of section and new
NOTE filed 8-28-98; operative 9-27-98 (Register 98, No.
35).
Note: Authority cited: Sections 1727, 1763 and 1768, Insurance Code. Reference: Sections 1733, 1734 and 1734.5, Insurance Code.
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